METAL REK SYSTEM
ActiveMETAL REK SYSTEM has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €615k and a net result of €132k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 43% of 10289 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-6
Solvency56▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.25 in 2024; short-term debt: 53.4% and cash: 26.1% of total assets), and 68.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.3%
Return on assets
6.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
27 d late
2023
29 d late
2022
31 d late
2021
85 d late
2020
26 d late
2019
101 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€615k▼ 0.4%
2024 · €618k
2018: €552k
2019: €553k
2020: €592k
2021: €629k
2022: €633k
2023: €623k
2024: €618k
2018 → 2025
Total assets
€1.96M▼ 11.9%
2024 · €2.23M
2018: €1.36M
2019: €1.23M
2020: €1.38M
2021: €1.94M
2022: €1.95M
2023: €2.06M
2024: €2.23M
2018 → 2025
Net result
€132k▼ 47.2%
2024 · €250k
2018: €170k
2019: €128k
2020: €109k
2021: €138k
2022: €368k
2023: €145k
2024: €250k
2018 → 2025
Working capital
€326k▲ 0.1%
2024 · €326k
2018: €401k
2019: €422k
2020: €497k
2021: €485k
2022: €463k
2023: €350k
2024: €326k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€629k-€633k▲ 0.5%€623k▼ 1.6%€618k▼ 0.8%€615k▼ 0.4%
Operating result€146k-€377k▲ 158%€151k▼ 60.1%€254k▲ 68.8%€135k▼ 47.1%
Net result€138k-€368k▲ 168%€145k▼ 60.6%€250k▲ 72.4%€132k▼ 47.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.96M
Fixed assets
€588k▼ 5.4%
Current assets
€1.38M▼ 14.4%
Equity and liabilities €1.96M
Equity
€615k▼ 0.4%
Debt
€1.35M▼ 16.3%
The debt ratio falls from 72.3% to 68.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€197k▼
2024 · €313k
Cash flow
€194k▼
2024 · €309k
Solvency
31.3%▲
2024 · 27.7%
Current ratio
1.31▲
2024 · 1.25
Quick ratio
1.08▲
2024 · 1.07
Debt / equity
2.19▼
2024 · 2.61
ROE
21.5%▼
2024 · 40.5%
ROA
6.7%▼
2024 · 11.2%
Interest coverage
28.40▼
2024 · 47.37
Debt
€1.35M▼
2024 · €1.61M
Debt ≤ 1 year
€1.05M▼
2024 · €1.28M
Debt > 1 year
€298k▼
2024 · €327k
Staff costs
€192k▲
2024 · €170k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.23M€1.96M▼
Fixed assets21/28€622k€588k▼
Tangible fixed assets22/27€622k€588k▼
Land and buildings22€479k€457k▼
Plant, machinery and equipment23€80k€87k▲
Furniture and vehicles24€62k€43k▼
Financial fixed assets28€465€465=
Current assets29/58€1.61M€1.38M▼
Stocks and contracts in progress3€239k€243k▲
Stocks30/36€239k€243k▲
Amounts receivable within one year40/41€578k€531k▼
Trade receivables40€576k€530k▼
Other amounts receivable41€2k€780▼
Current investments50/53€286k€88k▼
Cash at bank and in hand54/58€505k€514k▲
Equity and liabilities
Total equity and liabilities10/49€2.23M€1.96M▼
Equity10/15€618k€615k▼
Contributions10/11€19k€19k=
Reserves13€534k€534k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€532k€532k=
Profit (loss) carried forward14€66k€63k▼
Amounts payable17/49€1.61M€1.35M▼
Amounts payable after more than one year17€327k€298k▼
Financial debts170/4€327k€298k▼
Amounts payable within one year42/48€1.28M€1.05M▼
Current portion of amounts payable after more than one year42€28k€29k▲
Trade debts44€929k€839k▼
Suppliers440/4€929k€839k▼
Taxes, remuneration and social security45€62k€41k▼
Taxes450/3€39k€22k▼
Remuneration and social security454/9€23k€19k▼
Other amounts payable47/48€263k€141k▼
Accrued charges and deferred income492/3€3k€597▼
Income statement
Code20242025
Remuneration, social security and pensions62€170k€192k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€62k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-3k-
Other operating charges640/8€7k€8k▲
Gross operating margin9900€488k€397k▼
Operating profit (loss)9901€254k€135k▼
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€4k▲
Non-recurring financial income76B-€500
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€250k€132k▼
Profit (loss) for the period9904€250k€132k▼
Profit (loss) for the period to be appropriated9905€250k€132k▼
Appropriation of the result
Profit (loss) to be appropriated9906€321k€198k▼
Profit (loss) brought forward from the previous period14P€70k€66k▼
Profit to be distributed694/7€255k€135k▼
Directors or managers695€255k€135k▼
Social balance
Average headcount (FTE)90873.02.9▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €368k ▲168%
Operating result €377k, net result €368k, both a record.
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 85 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet €109k ▼14.5%
Net result drops to €109k, the lowest in the series; recovery starts the following year.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 101 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Herk-de-Stad · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Steenweg 593540 Herk-de-StadGround area
5,518 m²
Building footprint
1,795 m²
Volume, LiDAR
10,789 m³
2 parcels, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Steenweg 82, 3540 Herk-de-Stad
since 20002.100.707.125
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71003B0035/00B003 | Flanders | 2,928 m² | 1 · 694 m² | 7.7 m · 2 fl. |
| 71003B0133/00T000 | Flanders | 2,589 m² | 1 · 1,101 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 14,073 EUR awarded · 14,073 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,132 EUR | 3,132 EUR |
| 2024 | 2 | 5,593 EUR | 6,436 EUR |
| 2023 | 1 | 5,348 EUR | 4,505 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Werkbaarheidscheque (stopgezet)
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Of 301 companies in sector 47525 we hold annual accounts for 207. 163 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-02-2000
Fiscal year end31-12
Trade name NL
Metal Rack Storage Solutions
Activities, NACEBEL
28120
43320Joinery installation
45422
47525Retail trade
25120Manufacture of fabricated metal products, except machinery and equipment
31001Manufacture of furniture
36121
46831Wholesale of construction materials, general range
49420Removal services
51532
52250Logistics services
52290Warehousing and support activities for transportation
63406
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.